https://www.taxtmi.com/caselaws?id=383171 The Tribunal allowed the appeals of the assessee, directing the deletion of the additions made by the AO for both AY 2014-15 and AY 2015-16. The Tribunal emphasized the importance of adhering to the principles of natural justice and the necessity of concrete evidence to support any claims of fictitious transactions. The Tribunal's decision underscored the need for the AO to provide specific evidence and allow the assessee the opportunity to rebut such evidence, rather than relying on general reports and suspicions. en-us Wed, 10 Jul 2019 00:00:00 +0530 Thu, 18 Jul 2019 08:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383171 The Tribunal allowed the appeals of the assessee, directing the deletion of the additions made by the AO for both AY 2014-15 and AY 2015-16. The Tribunal emphasized the importance of adhering to the principles of natural justice and the necessity of concrete evidence to support any claims of fictitious transactions. The Tribunal's decision underscored the need for the AO to provide specific evidence and allow the assessee the opportunity to rebut such evidence, rather than relying on general reports and suspicions. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383171